Month: April 2025

Exploring the Intersection of Housing, Technology, and Health: A Recap of the 2025 Real Estate Development and Investment Summit

General

On April 16, 2025, the Mayo Civic Center became a hub for innovation and collaboration as Destination Medical Center and ULI Minnesota hosted the 2025 Real Estate Development and Investment Summit. This one-day event brought together developers, healthcare professionals, and community leaders to explore the evolving intersection of real estate development, health, and technology—with a focus on how tech-enabled housing can drive better health outcomes.

Insightful Sessions

The day featured engaging discussions and thought-provoking presentations from experts leading transformative projects in Rochester and beyond.

  • Transformative Developments Driving Demand in Rochester
    Bridget Avikainen (Mayo Clinic) and Chancellor Lori Carrell (University of Minnesota Rochester) discussed how major institutional initiatives like Bold. Forward. Unbound. in Rochester and the university’s innovation-focused model are generating long-term demand for real estate in the region.
  • Leveraging Tech-Enabled Housing for Better Health Outcomes
    A panel of national leaders including Dr. Christina Chen (Mayo Clinic), Bruce Thompson (Urbaneer), Kenneth Bahk, PhD (Health Equity Innovation Partners), and Scott Goodman (Farpoint Development) examined the connection between health, housing, and innovation—and how smarter design and technology integration are reshaping how we live and age.

Tours and Connections

Attendees enjoyed trolley and walking tours of the Destination Medical Center district, showcasing development-ready sites and projects underway. The day concluded with a networking reception, giving guests the opportunity to connect with potential partners and peers in the fields of healthcare, housing, and development.

Thank You to Our Sponsors

This event would not have been possible without the support of our generous sponsors:

Platinum Sponsor:

Gold Sponsor:

Silver Sponsors:

Bronze Sponsors:

Kraus-Anderson, Premier Bank, Weis Builders

DMC Opens Third Round of Main Street Economic Revitalization Grant Program

Press Releases

Destination Medical Center Economic Development Agency (DMC EDA), in partnership with the Minnesota Department of Employment and Economic Development, is excited to announce the launch of the third round of the Main Street Economic Revitalization Grant program, opening today. With over $720,000 in total funding available, this program provides matching grants to help local businesses improve their properties and contribute to a vibrant, welcoming Rochester.

“Investing in our Main Street businesses strengthens the fabric of our community,” said Patrick Seeb, Executive Director of DMC EDA. “This grant program has already helped revitalize Rochester’s business corridors, and we look forward to supporting even more projects that enhance our city’s economic vitality.”

Program Details

Grants of up to $175,000 are available per project, covering up to 30% of total project costs. Awards will be determined based on demand, and applicants may receive less than requested.

Eligible businesses must be located in one of the following areas:

  • The DMC District – Priority will be given to businesses near the Link Bus Rapid Transit corridor.
  • The Lowertown Neighborhood – Home to over 100 businesses within walking distance of downtown.

Funds can be used for property improvements such as building repairs, renovations, new construction, landscaping, streetscaping, demolition, site preparation, design and engineering work, and non-public infrastructure. All awarded funds must be spent by June 30, 2026.

How to Apply

Applications for this funding session will be open starting April 1 and will end April 16. Interested property owners and business tenants must demonstrate secured matching funds, which cannot come from other state or federal sources. The second and final funding session will open on August 4, 2025.

For full eligibility details and to apply, visit the DMC Main Street Grant webpage.

In the first two rounds, DMC EDA distributed nearly $4 million to more than 70 businesses and organizations. The program has already had a significant impact—creating 300 permanent jobs and helping to fill 22 vacant spaces in Rochester.

The Main Street Economic Revitalization Grant program is designed to provide matching grants for business property improvements, renovation, and development, helping to ensure Rochester remains a vibrant and attractive place to live, work, and visit.